Biderman Responds

The Zero Hedge audience have always been tough task masters and will hold people's feet to the fire. While markets have been a little tempestuous to say the least recently, TrimTabs' Charles Biderman comes out swinging with a spirited and honest defense of his calls - and quite frankly we still tend to agree with his bigger picture view of where this ends. From his Facebook miss to short-term fluctuations in the equity market (that now seem precipitously away from credit market reality), Biderman responds to comments here and elsewhere on both position sizing and perhaps most importantly risk management - adding (and this is where we believe he is dead right though timing the call is practically impossible) that "when the collapse happens it will happen overnight - that is why [he wants] to be short but safe at the same time."

Wait, it is DOWN 90% IN THE PAST 4 YEARS!!! and this does not include this year's losses, I cancelled 6 months ago. Now that you lost all credibility with institutions, you try to rip off retail investors for $250 .... PATHETIC!"

I can't comment on ABC. However, I can comment on CBS, as my ex-managing partner is also the VP and Board Member of CBS per the Viacom split.There is also the interconnected client base, which of course I can't publish, but a who's-who of everything you see and hear.

The firm is boutique, mostly tax, for high end only and Goldman was (most likely still is) the go to "bank" for clients. How do I know? I read the client letters before we sent them out to move their money there (GS) the night Madoff was arrested.

My regret? Working corp, during the massive M&A years, instead of being honest, I should have profited off that knowledge and been retired by now. Stupid me for believing in the massive hypocrisy that this country is, just too naive back then.

e) The NWO will be taking all the banks down...when they are ready with a global electronic currency (that's the reason, IMO, for the increasing volume of anti-MegaBanks propaganda recently ... it's not just to divert attention away from the political ideology of the NWO)

... however:

f) Don't think for a minute that ZH is not a honeypot - whether wittingly or unwillingly.

Straw man argument. Saul would be proud. The focus needs to be on his call and whether or not you agree. Nobody is right all the time when it comes to market. The question is are you more right than wrong. In this case I agree with him.

I made two major calls this year: short FB (31.50) and long ARNA (2.50). I talked about it with many people on the chat. Both have been exceptional.

It should have been obvious that FB was a flop, and in fact others are reporting that the institutional product has been a massive money loser. No surprise goldman sachs sold its stake in TT at a major loss ...

Nice attemt at misdirection, please try to stay focused. Most of us here made the same call on the Facebook flop ,however that is a mute point. The topic is about his overall call on the broader market. and whether or not you disagree. The rest is all background noise.

Back in 2009 people didn't believe that the Fed was manipulating the stock market. People didn't know what prop trading was nor that, as we exposed, Goldman was the primary abuser and beneficiary of this. People didn't know what HFT was either. People thought Europe was "fine."

What exactly is your point?

If you would like to define the editorial content of ZH, perhaps you would like to buy a stake?

I did. And it was nice to find ZH and see that I was not the only one.

Nevertheless, it's not really an argument - ZH could still be a "special ops". If not the Squid, how about a Russian KGB or better, a Bulgarian? Or funded by Chinese money? Live with it, this is the price of anonymity. Some punches are to be rolled with...

Conspiracy-theory guys will believe anything that suits their world view. I'm sure you can convince yourself that ZH's tone towards GS has tempered. You probably also think NASA faked the moon landing or that the government has an alien spaceship at a secret base in Nevada.

yup..at least Bidee puts himself out there......he may be shill for the game but my guess is he's pumpin just to hang on in the BEAR of all bears........gl Bidee......when this bear is through with us.......we'll all be wishing we could eat Alpo.